This is one of those questions i’ve been getting every single week, since Bitcoin hit $5,000. As of writing this article Bitcoin is somewhere around $20,000. Now before we dive deep into this, i feel like i need to mention that i actually own some Bitcoin and Ethereum. Just for the sake of being fully transparent regarding the question of whether or not you should buy Bitcoin, at whatever the current price is, when you’re reading this article, the answer is YES. But, yes from a learning perspective and not necessarily as an investment.
I believe that everyone should learn about cryto-currencies and the revolutionary technology that is blockchain. This thing will probably change the world. So, the least you could do is spend a couple of hundred bucks, just to see what it’s like to buy crypto-currency. How you store it? and what you can do with it? from an investment perspective, is hard to tell. What the future holds because as more and more people find out about this technology, the easier it becomes to buy. While the price per coin will keep increasing, you might hear analysts or other people throwing around numbers like Bitcoin will reach $100,000 or even $1 million per coin but that is because Bitcoin is valued like art.
It’s worth as much as someone is willing to pay for it. Even with that, we don’t think we’ll ever see Bitcoin at under $5,000 ever. Even buying it under $20,000 a coin, you’re still technically an early adopter. I’ve had a couple of friends who won big on Bitcoin. They went in the early on, waited for the price to triple then pulled out their initial investment. Now whatever happens happens!
We’re applying the same strategy; Whatever you do, be smart about it and never risk money you can’t afford to lose. Will Bitcoin be the gold of the future? We’re not sure. We’ll just have to wait and see what happens. Unless someone exploits a vulnerability in the code rendering Bitcoin and all this hype could move on to another crypto-currency, whatever the way, I think the technology is here to stay, no matter what coin will be trading in.